Lemire Olivier 4
4 · Keurig Dr Pepper Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Keurig Dr Pepper (KDP) President Olivier Lemire Receives RSUs
What Happened
Olivier Lemire, President, U.S. Coffee at Keurig Dr Pepper (KDP), received new RSU awards and had restricted stock units convert into common stock. The filing shows two RSU grants of 18,185 and 48,494 shares (total 66,679 RSUs) reported on March 4, 2026 (grants). On March 5, 2026, 2,394 derivative shares were converted/exercised into common stock (reported as acquired), and 1,239 of the resulting shares were withheld to pay taxes, generating proceeds of $34,754 (1,239 shares x $28.05). These events are routine compensation-related vesting and tax-withholding transactions rather than open-market buying or selling.
Key Details
- Transaction dates: grants reported 2026-03-04; conversion/exercise and tax withholding reported 2026-03-05; Form 4 filed 2026-03-06 (appears timely).
- Grants: 18,185 RSUs and 48,494 RSUs granted (total 66,679 RSUs). RSUs convert one-for-one into common shares (per filing).
- Conversion/exercise: 2,394 derivative shares converted/exercised (acquired).
- Tax withholding: 1,239 shares were withheld/ disposed to cover taxes at $28.05/share, totaling $34,754. This is a net-share settlement (tax withholding) under Rule 16b-3.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: RSUs convert 1:1; various RSU grants are subject to multi-year vesting schedules (annual/quarterly installments as disclosed); one prior RSU grant (March 5, 2025) vested and converted on its anniversary per the plan.
Context
This activity reflects compensation-related vesting/conversion of RSUs and share withholding for taxes (a cashless/net settlement), not an open-market sale or a discretionary purchase. For retail investors, such filings signal routine executive compensation mechanics rather than a direct buy/sell sentiment indicator.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-05+2,394→ 43,865 total - Tax Payment
Common Stock
[F2]2026-03-05$28.05/sh−1,239$34,754→ 42,626 total - Award
Restricted Stock Unit
[F3]2026-03-04+18,185→ 18,185 total→ Common Stock (18,185 underlying) - Award
Restricted Stock Unit
[F4]2026-03-04+48,494→ 48,494 total→ Common Stock (48,494 underlying) - Exercise/Conversion
Restricted Stock Unit
[F5]2026-03-05−2,394→ 7,179 total→ Common Stock (2,394 underlying)
Footnotes (5)
- [F1]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- [F2]Shares withheld for payment of applicable taxes upon vesting of RSUs in accordance with Rule 16b-3.
- [F3]Subject to certain vesting conditions and exceptions, these RSUs vest in four installments as follows: 25% on March 4, 2027; 25% on March 4, 2028; 25% on March 4, 2029; and 25% on March 4, 2030. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- [F4]Subject to certain vesting conditions and exceptions, these RSUs vest one third on each anniversary date as follows: one third on March 4, 2027; one third on March 4, 2028; and one third on March 4, 2029. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- [F5]As previously disclosed, these RSUs were granted on March 5, 2025, and vest in four installments as follows: 25% on March 5, 2026; 25% on March 5, 2027; 25% on March 5, 2028; and 25% on March 5, 2029. The RSUs converted into common stock on a one-for-one basis pursuant to the Issuer's Omnibus Stock Incentive Plan of 2019.